my wife and bestest friend uwu she love doggie and has bangs plays the french horn and is rly pretty owo
happy birthday liana
by Ustomm May 30, 2019
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Mary. "What happened Owen? You look really troubled"
Owen. "foxx kristu haq al liba madonna dejjaqtli zobbi pufta kollok leave me alone"
Owen. "foxx kristu haq al liba madonna dejjaqtli zobbi pufta kollok leave me alone"
by Il Kbir Albert October 9, 2020
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A Trinidadian slang term used to describe someone who acts before thinking and gets him/herself into trouble because of this lack of forethought.
You see he? Dat boy real labasar. Every time he do sometin, he get into trouble an' is me dat have to go help!
by Robert Addison May 11, 2006
Get the labasar mug.Liana is a girl who enjoys having a pet blowfish named blobby. She enjoys say mcr is trash and she hates playing a French horn. She’s also in love with a guy named Roman.
by Animeweebotakutrash May 30, 2019
Get the Liana mug.by Greedybitch101 December 23, 2019
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(US BUSINESS LAW) a type of business organization which is a cross between a partnership and a corporation. In a private partnership, all of the partners own all the assets in common and have unlimited liability; in a corporation, the firm assets are owned by a legal "person," and shareholders are liable only for the value of their stake (equity) in the firm.
Partnerships have higher risk for members, but their management can disclose a lot less and the taxes are lower. Limited/limited liability partnerships represent a compromise.
In a limited partnership, one or more of the partners has unlimited liability ("general partners") and the others have liability limited to their equity stake in the firm ("limited partners"). A limited partnership is indicated by the initials "LP" after the name, e.g. Apollo Management, LP.
In a limited liability partnership, all members have limited liability; specifically, the other partners of the LLP are shielded from torts for malpractice against the other partners, BUT they are legally responsible for financial claims against the whole organization. LLP liability varies somewhat by state law (several US states do not permit LLP's at all), and somewhat by the terms of the LLP agreement for that particular partnership.
Apologies to Urban Dictionary for an error in the definition of private equity fund and hedge fund: both types of fund are almost never LLP's; they are often limited partnerships (LP's).
Partnerships have higher risk for members, but their management can disclose a lot less and the taxes are lower. Limited/limited liability partnerships represent a compromise.
In a limited partnership, one or more of the partners has unlimited liability ("general partners") and the others have liability limited to their equity stake in the firm ("limited partners"). A limited partnership is indicated by the initials "LP" after the name, e.g. Apollo Management, LP.
In a limited liability partnership, all members have limited liability; specifically, the other partners of the LLP are shielded from torts for malpractice against the other partners, BUT they are legally responsible for financial claims against the whole organization. LLP liability varies somewhat by state law (several US states do not permit LLP's at all), and somewhat by the terms of the LLP agreement for that particular partnership.
Apologies to Urban Dictionary for an error in the definition of private equity fund and hedge fund: both types of fund are almost never LLP's; they are often limited partnerships (LP's).
The limited liability partnership is a popular form of business organization for lawyers and other professionals.
by Abu Yahya September 2, 2010
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